Omax Resources plans financing
A private placement of 5 million warrants, priced at 83 cents each, is expected to provide gross proceeds of up to $4.15 million for Omax Resources (OXR-V).The junior company is exploring a number of …
Articles by Northern Miner Staff
Kennecott drilling at Candle Lake property
Drilling at the Candle Lake property near Prince Albert, Sask., is under way in an effort aimed at collecting 45 tonnes of kimberlite.The project is a joint venture involving War Eagle Mining (WEM-V),…
PRODUCER PRICES (February 10, 1997)
ALUMINIUM: LME settlements US$1,594 per tonne, alloy $1,507 per tonne (Feb.4/97).ANTIMONY: Composite free market, US$2,400 per tonne (Feb. 4/97).BISMUTH: Composite free market US$3.15 per lb. (Feb. 4/…
Oro Belle explores gold potential of Flechas property in Argentina
Exploration by Oro Belle Resources (ORS-V) is proving up the potential of the Flechas gold property in Argentina.Samples from 11 trenches assayed up to 7 grams per tonne, which is consistant with surf…
STOCK MARKETS — VSE juniors push resource index higher
Over the report period ended Feb. 4, the Vancouver Stock Exchange composite index climbed above the 1200 level for the first time since Oct. 31, 1996, to close up 18.74 points at 1,218.21. The resourc…
Regal tests target near Kidd Creek
The prospect of discovering another copper-zinc deposit comparable to Kidd Creek continues to lure junior companies to Ontario’s Timmins camp.One such company, Regal Goldfields (REGL-C), recently laun…
Ventures prepares for Alaskan drilling
Ventures Resource (VRS-V) is evaluating gold occurrences on its Seventy-mile gold property in eastern Alaska.Contractor Watts, Griffis & McOuat has identified 12 gold prospects along the 30-mile Tinti…
Santa Fe gets nod for Twin Creeks
The U.S. Bureau of Land Management has approved plans to expand the Twin Creek gold mine in northern Nevada.The decision allows owner Santa Fe Pacific Gold (GLD-N) to expand the pit and thereby gain g…
Banro hunts for gold in Zaire
Toronto-based Banro Resource (BANR-C) is exploring its Namoya gold property in the Maniema province of eastern Zaire.CME Consulting is managing the program, which consists of an airborne geophysical s…
High River adds to African holdings
Toronto-based High River Gold Mines ((HRG-T) has acquired an option to earn 100% of a 500-sq.-km concession adjacent to its Taparko gold project in Burkina Faso.A second-phase, US$2-million exploratio…
Tri Origin drills to expand Lewis Ponds
A drill program by Tri Origin Exploration (TOE-T) is attempting to expand mineralization at its Lewis Ponds property in New South Wales, Australia.Resources at the Toms zone of Lewis Ponds stand at 1 …
NEWS IN BRIEF (February 10, 1997)
Yuma Gold Mines (YUM-V) has changed its name to Yuma Copper (YUM-V).